Mukesh Ambani's Reliance Industries in spotlight as world's biggest fund managers hunt for AI winners beyond US

At a time when the global euphoria about AI has propelled a three-fold surge in Nvidia Corp. and a 50% jump in a key US index for semiconductor manufacturers in less than a year, investors are pointing toward emerging markets for better value and a bigger pool of options. So far, the stars of the show are those companies which already were technology leaders prior to the AI rally, such as TSMC and Hon Hai Precision Industry Co.

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